 |
| Latest gold rates in India on 29th October 2024 show an increase across 22K, 24K, and 18K gold types, with changes ranging from ₹60 to ₹6,500 depending on the weight category. |
Gold remains one of the most sought-after commodities for investment and adornment in India. On 29th October 2024, the gold rates in India have shown a positive shift across different karat types. Whether you are planning to invest in gold, buy jewelry, or simply keep track of the prices, here's a detailed breakdown of the latest gold rates.
Today's Gold Rate Summary
As of 29th October 2024, the following are the gold rates for 22K, 24K, and 18K gold, including the respective changes from the previous day:
- 22K Gold: ₹7,375 (+₹60)
- 24K Gold: ₹8,045 (+₹65)
- 18K Gold: ₹6,034 (+₹49)
22-Carat Gold Rates Per Gram (India)
For those interested in purchasing 22K gold, the rates have increased across various weight categories:
- 1 Gram: ₹7,375 (Yesterday: ₹7,315) | Change: +₹60
- 8 Grams: ₹59,000 (Yesterday: ₹58,520) | Change: +₹480
- 10 Grams: ₹73,750 (Yesterday: ₹73,150) | Change: +₹600
- 100 Grams: ₹7,37,500 (Yesterday: ₹7,31,500) | Change: +₹6,000
24-Carat Gold Rates Per Gram (India)
For those looking for 24K gold, the rates have seen an upward trend as well:
- 1 Gram: ₹8,045 (Yesterday: ₹7,980) | Change: +₹65
- 8 Grams: ₹64,360 (Yesterday: ₹63,840) | Change: +₹520
- 10 Grams: ₹80,450 (Yesterday: ₹79,800) | Change: +₹650
- 100 Grams: ₹8,04,500 (Yesterday: ₹7,98,000) | Change: +₹6,500
18-Carat Gold Rates
Though less commonly purchased than 22K or 24K gold, 18K gold also showed a positive shift:
- Per Gram: ₹6,034 (Yesterday: ₹5,985) | Change: +₹49
Factors Influencing Today's Gold Rates
The increase in gold prices for 29th October 2024 can be attributed to several key factors:
- Global Economic Trends: Gold prices often rise during times of economic uncertainty or inflation concerns, as it is considered a safe-haven investment.
- Domestic Demand: In India, gold prices typically increase during wedding seasons or festive periods, driving up demand for jewelry and gold investment products.
- Currency Fluctuations: Changes in the value of the Indian Rupee against the U.S. Dollar can directly impact gold prices, as gold is traded globally in U.S. Dollars.
Conclusion
The gold rates for 29th October 2024 reflect an upward trend across all purity types (22K, 24K, and 18K) in India. Whether you're an investor looking to hedge against inflation, buying gold for a wedding, or simply adding to your collection, these current rates are important to keep in mind. Monitoring such shifts can help you make well-timed decisions when buying or selling gold.
Disclaimer:
The gold rates mentioned in this article are based on the latest data available on 29th October 2024 and are subject to change. Gold prices fluctuate due to various factors including global economic conditions, currency exchange rates, and local demand. The prices provided here are for informational purposes only and should not be considered as financial advice. It is recommended to check with trusted dealers or financial institutions for the most accurate and up-to-date pricing before making any purchases or investments in gold. The website or publisher is not responsible for any discrepancies or losses resulting from reliance on this information.